Tag Archives: TOPNWS

NEW DELHI, July 25 (Reuters) – India’s Tata Steel Ltd (TISC.NS) expects lower steel prices in the July-September quarter in India and Europe, aided by a fall in the prices of coking coal, a key raw material, its chief executive and managing director said on Tuesday. “In India, the Q2 …

WASHINGTON, July 25 (Reuters) – India’s move to restrict exports of certain types of rice could help exacerbate food price inflation and should be reversed, International Monetary Fund chief economist Pierre-Olivier Gourinchas said on Tuesday. Gourinchas told a news conference that India’s restriction would have a similar effect of the …

[1/2]The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, 2021. REUTERS/Florence Lo/Illustration/File Photo NEW DELHI, July 25 (Reuters) – The Indian state of Rajasthan has approved a bill …

[1/2]The World Health Organization (WHO) logo is seen near its headquarters in Geneva, Switzerland, February 2, 2023. REUTERS/Denis Balibouse/File Photo NEW DELHI, July 25 (Reuters) – India has suspended a drugmaker’s manufacturing license after the World Health Organization flagged contamination in its cough syrups found in the Marshall Islands and …

[1/2]Visitors look at a Tata Motors’ sub-compact sport utility vehicle (SUV) Tata Nexon, after its launch in Mumbai, India September 21, 2017. REUTERS/Shailesh Andrade/File Photo BENGALURU, July 25 (Reuters) – Tata Motors (TAMO.NS), India’s largest automaker by revenue, reported a third consecutive quarterly profit on Tuesday, helped by price hikes …

BENGALURU, July 25 (Reuters) – India’s Bajaj Auto (BAJA.NS) beat expectations on Tuesday, reporting a nearly 42% increase in first-quarter profit on the back of robust demand for its commercial vehicles. Demand pick-up in rural areas and a prolonged wedding season in the country amid some ease in inflation helped …

MUMBAI, July 25 (Reuters) – The Reserve Bank of India likely bought dollars and conducted sell/buy swaps via public sector banks after the rupee reached a more-than-two-month high on Tuesday, three traders told Reuters. The rupee was last at 81.7950 to the US dollar, off the day’s high of 81.6750. …

BENGALURU, July 25 (Reuters) – Shares of Indian conglomerate ITC (ITC.NS) shares fell as much as 3.3% on Tuesday, extending a slide from the previous session, as investors baulked at the company’s plans to retain a 40% stake in its hotels business after spinning it off. ITC said on Monday …

MUMBAI, July 25 (Reuters) – The Indian rupee will be looking to rise further versus the US dollar on Tuesday, on the back of the rise in Asian currencies and positive risk mood. Non-deliverable forwards indicate the rupee will open little changed or slightly higher than the dollar, having reached …

BENGALURU, July 24 (Reuters) – India’s Reliance Industries (RELI.NS) said on Monday it would invest up to 10 billion Indian rupees ($122.24 million) in building data centers in the country along with Canada-based Brookfield Infrastructure. The announcement comes at a time when data center capacity in India is expected to …